The European startup accelerator Startupbootcamp has launched a new accelerator programme focused on growing financial services companies.
The programme is sponsored by Lloyds Banking Group, MasterCard and Rabobank, which will provide the participating startups with mentorship as well as access to pilot customers, industry data, application programming interfaces (APIs) and capital.
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Alessandro Hatami, director of digital payments and innovation at Lloyds Banking Group, said: “Lloyds Banking Group is committed to supporting enterprise across Britain as the recovery gains momentum and confidence returns. Through this partnership, we hope to help smaller fintech businesses get access to the expertise and funding they need in order to grow.”
Hatami said Lloyds will work with the startups to advise them on how to become more effective in working with large financial institutions, especially by providing insight on customers’ needs and expectations.
The 10 startups making it through the Startupbootcamp fintech selection process will receive:
- Mentorship from 100+ entrepreneurs, investors, and partners
- Access to markets in London, the US and Asia-Pacific
- Free office space for three months or longer
- €15,000 package per team
- €250,000+ in partner services
- Exposure to more than 200 angels and venture capitalists
- Invitation to SBC global alumni network
The three-month Startupbootcamp fintech programme, which will begin in August, is open to startups from all over the world, and 10 successful applicants will receive mentoring from more than 100 entrepreneurs, investors and corporate partners, including Lloyds, MasterCard and Rabobank.
Each successful team will also receive €15,000 and office space for at least three months at London’s Rainmaking Loft, a startup hub in Tower Bridge, London.
Teams will also receive legal advice from specialist law firm MJ Hudson and public relations advice from global technology PR specialists Clarity PR.
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Stephane Wyper, vice-president of Startup Engagement and Acceleration for MasterCard Labs, said Startupbootcamp will be “invaluable” for the company to find startups and benefit from their expertise, while helping the companies scale successfully.
Over the next few months, Startupbootcamp will also be running a global innovation programme aimed at earlier stage fintech startups. The programme will run a series of events in fintech hotspots, including New York, Singapore and Shanghai, which will see hackathons, pitch days and networking events.
Startups interested in applying for Startupbootcamp fintech can find details here.